FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Saturday June 02, 2001
Socio Economics, Stock Index Futures: Nasdaq - SP500 - Dow Jones Industrial Avg.
Bonds-Forex-Energy-Precious Metals-Livestock-Grain and Soft Commodity Future Markets
Bi-Weekly Investment Outlooks & Archives Index Flashes Morning Comments Special Reports
7690 Rockport Circle, Lake Worth Florida 33467, Tel: 1- 561-433-2995 http://www.futurescom.com
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“Accomplishments will prove to be a journey, not a destination.”
-Dwight D. Eisenhower-
Sat June 02, 2001
4:30 AM
Recommended Open Positions are at the end of the letter, Stay tuned for Flashes and Updates.
The Sensational Stock and Bond Markets
June SP500
Nearby Resistance is at 1268 to 1271 and 1274, an extended trade or close over 1274 is friendly and augurs for an eventual test of the 1304 to 1310 region. Beyond that a trade towards 1322 and the 1334 to 1346 region is likely.
Nearby Support should appear near 1260.50 and 1253 , which should hold basis the close. Below that the 1238 to 1232 region should contain a decline ..Under that support is at 1217.50 and 1203 to 1192.. .
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg.
Nearby Resistance should appear near 11,010 then 11,155 .. Beyond that sellers should appear near the 11,330 to 11,360 region. Beyond that a test of 11,500 is likely.. a close over 11,500 is friendly and augurs for a test of 11,640 to 11,690.
Support is at 10,985 to 10,960 and 10,820 , below that buyers should appear near 10,757 and the 10,680 to 10,630 region .Under that support is at 10,580.
Sept Bonds
Resistance should appear near 101-07 and 101-23 to 101-26 region. Above that resistance is at 102-17 and the 103-07 region.
Support is at 100-07 under that buyers should appear near 99-22 then 99-07 and the 98-22 to 98-17 region. Below that buyers should appear near 97-21 to 97-17
The Frenzied Forex Front
Support should appear near 8406 to 8392 and the 8352. Traders can buy at 8355 for a turn higher and risk a close under 8299 for three days in a row. Below that buyers should appear near the 8314 to 8300 region. Under that support is at 8261 and the 8223 to 8194 region, which should contain a decline.. Traders can buy at 8261 and hold for higher prices
Nearby Resistance should appear near 8445 and the 8480 to 8500 region. A close over 8500 is friendly and augurs for a test 8560 to 8589 and eventually the 8668 to 8683 region..
Which should cap a rally for a bit..
Stay Tuned for Updates…
Nearby Support should appear near 8445 and 8406 to 8392 .. A close under 8392 augurs for a test of 8314 to 8300. Under that buyers should appear near the 8261 and the 8225 to 8195 region..
Nearby Resistance is at the 8485 to 8500. Above that resistance is at 8560 to 8589 and the 8665 to 8685 region.. Traders can sell at 8575 and risk a close over 8685 for three days in a row.. . Beyond that sellers should appear near 8722 and the 8762 to 8777 and should cap a rally.. .
Aggressive Traders should go short if a close under 8392 occurs .
Trade Accordingly and stay tuned for Updates.
June Swiss Franc
Resistance should appear near 5640 to 5653 and 5716 to 5729, Beyond that resistance is at 5760 and the 5792 to 5805 region . Traders can sell at 5760 and risk a close over 5805 for three days in a row. ..Above that resistance is at the 5855 to 5880 region.
Support should appear near 5553 , a slip under augurs for a test of the 5504 to 5492 region where buyers should appear… A close under 5492 is negative and augurs for a test of the 5430 to 5418 region .Below that buyers should appear near the 5356 to 5444 region
Stay tuned for Flashes and Updates .
June British Pound
Support should appear near 1.4150, which should contain a decline for a bit Failure there augurs for an eventual test of 1.3990..Traders can buy at 1.3992 and hold for higher prices.. Below that 1.3830 to 1.3770 should contain a decline..
Resistance is at 1.4210, beyond that sellers should appear near 1.4336 and 1.4372
Beyond that sellers should appear near 1.4530 to 1.4590.
Trade accordingly and stay tuned for flashes
June Canadian Dollar
Support should appear near the 6509 to 6496 and 6482.…. Traders can buy at 6509 and risk a close under 6483 for three days in a row.. Under that support should appear near 6456 and the 6430 to 6417 region. Under that 6350 to 6337 should hold…
Nearby Resistance is at 6543...A close over 6543 augurs for a test of 6577 to 6591 and eventually the 6659 to 6672 region..Beyond that sellers should appear near 6741 to 6755. Traders can sell at 6740 for a turn lower and risk a close over 6755 for three days in a row
Aggressive Traders can go long if a close over 6543 occurs.
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
August Gold
Nearby Support should appear near 267.2 to 266.3 and the 262 to 261.2 region ..
Resistance is at 271.6 to 272.4 however a close over 272.4 is friendly and augurs for a test of 275.8 to 277.4 and the 282 to 282.9 region. Beyond that sellers should appear near 287.4 to 288.
Traders should go long if a close over 272.4 occurs.
July Copper
Support is 7515 to 7485 and the 7430 to 7415 region..Below that buyers should appear near 7345 to 7325.. ..Traders can buy at 7345 and hold for higher prices.. Under that support should appear near 7255 to 7240 and the 7170 to 7145 region.
Resistance should appear near 7585 to 7605 and the 7675 to 7690 region…
A close over 7690 is friendly and augurs for a test of 7765 to 7780 and the 7835 to 7865 region. Beyond that a trade towards 8025 to 8045 is likely…
Aggressive Traders should go long if a close over 7605 occurs
July Silver
Support should appear near 438 to 437 and 431.5 to 430.5 , under that 425 to 423.5 should hold.
Resistance is at 442.5 to 444.5. A close over 445 is friendly and augurs for a test of 450.5 to 451.5 and eventually the 463.5 to 465 region.. Above that a test of 469.5 to 471.5 is likely..
Traders should go long if a close over 445 occurs
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
July Crude
Nearby Resistance is at 2820 to 2829...Above that resistance is at 2874 to 2883. Beyond that 2928 to 2937 and cap a rally.. Traders can sell at 2928 and hold for lower prices.. Risk a close over 2990 for three days in a row. Beyond that Resistance is at 3036 to 3045 and 3092 to 3102..
Support is at 2775 to 2758 .. a extended trade of close under 2758 is negative and augurs for a test of the 2724 to 2716 and the 2672 to 2662 region under that buyers should appear near 2620 to 2612.
Aggressive traders can go short if a close under 2758 occurs..Stay Tuned for Updates
July Unleaded Gas
Support should appear near 9315, a close under augurs for a test of 9155 to 9140 and eventually the 9060 to 9040 region. Under that a trade towards 8965 to 8935 and the 8870 to 8855 region is likely.
Resistance is at 9420 to 9445 and 9525 to 9540 region Beyond that resistance should appear near 9625 to 9640 and the 9705 to 9735 region.. Traders can sell at 9705 and hold for lower prices.. Risk a close over 9840 for three days in a row..
Aggressive Traders should go short if a close under 9315 occurs..
July Heating Oil
Resistance is at 7675 to 7690 and the 7760 to 7780 region. Beyond that sellers should appear near 7835 to 7865 then 7935 to 7955 and the 8025 to 8045 region Traders can sell
8025 and risk a close over 8135 for three days in a row.
Support is near 7580.. a close under 7580 is negative and augurs for a test of 7515 to 7485 and the 7430 to 7415 region. Below that a test of 7345 to 7325 is likely . Under that a support is at 7255 to 7240 and the 7170 to 7145..
Traders should go short if a close under 7485 occurs
Stay Tuned for Energy Updates
The Grand Grains
Resistance is at the 457 1/4 to 458 1/2 region. Beyond that a test of 463 1/2 to 465 and eventually 469 to 471 1/2 is likely .. A close over 470 1/2 is friendly and indicates a test of 477 1/2 to 478 1/2 and the 484 1/2 to 485 3/4 region…
Traders should go long if a close over 470 1/2 occurs..
July Soy Meal
Resistance should appear near 164.2 to 165.5 .. A close over 165.5 is friendly and augurs for a test of 168.9 to 169.6 and the 173.1 to 173.8 region.
Traders should go long if a close over 165.5 occurs
Support is at 161.5 to 160.9 and the 157.6 to 156.9 region. Under that support is at 153.5 to 152.9.. Traders can buy at 153.5 and hold for higher prices..
July Soybean Oil
Support is near 1496 to 1484 and the 1459 to 1453 region. Under that support is at 1421 to 1415 and should contain a decline…
Resistance should appear near 1535 and the 1569 to 1576 region. Beyond that sellers should appear near 1609 to 1615.
July Corn
Resistance should appear near 199 3/4 and 203 1/2 to 204 1/4 , a close over 204 1/2 augurs for a test of 208 to 208 3/4 then 212 3/4 to 213 1/2 and eventually the 217 to 218 1/2 region.
Support should appear near 198 1/4 under that support is at 195 3/4 to 194 3/4 and 191 to 190 3/4.. Under that buyers should appear near 182 1/2 to 180 3/4 /4 and should contain a decline...
Traders should go long if a close over 199 3/4 occurs.
July Wheat
Support should appear near.267 1/4 to 266 1/2 and 262 to 261 1/2..Below that buyers should appear near 256 3/4 to 255 1/4..
Resistance is at 271 3/4 to 272 1/2 and the 275 3/4 to 277 3/4 region. A close over is friendly and augurs for a test of 282 to 282 3/4 and 287 1/2 to 288 1/4. Beyond that a test of 292 3/43 to 293 3/4 is likely..
Traders should go long if a close over 277 3/4 occurs.
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
July Cotton
Nearby Support should appear near the 4120 to 4110 region.. under that support is at 4055 to 4045 and the 3990 to 3980 region.. Below that 3870 to 3855 should contain a decline for a bit.
Nearby Resistance is at 4160 to 4185, an extended trade over augurs for a test of 4235 to 4250 .. Beyond that a test of 4305 to 4315 is likely...A close over 4315 is friendly and augurs for a test of 4425 to 4445
July Coffee
Support is near 5730 to 5715 and 5655 to 5640. Below that buyers should appear near 5430 to 5415 and the 5355 to 5345 region.
Nearby Resistance should appear near 5805, a close over 5805 indicates a test of 5945 to 5955 and the 6025 to 6035 region.. .An extended trade over 6035 is friendly and augurs for a test of 6100 to 6120 and the 6255 to 6270 region.. Above that resistance is near 6335 to 6350.
July Sugar
Resistance should appear near 877 to 882 and the 907 to 9121 region. Traders can sell at 907 and risk a close over 941 for three days in a row… Beyond that 968 to 972 should a
cap a rally for a bit..
Support should appear near 852 to 847 and 835 which should contain a decline for a bit…under that support is at 823 to 814 Traders can buy at 824 and risk a close under 814 for two days in a row.
July Cocoa
Support is at 941 to 932 and 912 to 907 , under that 882 to 877 should hold.. Traders can buy at 882 and risk a close under 877 for three days in a row. under that support should appear near 852 to 847 and should contain a decline basis the close .
Resistance should appear near 968 to 972 and 1000 to 1005 a close over 1005 is friendly and augurs for a test of 1032 to 1036 and the 1058 to 1068 region..Above that resistance at 1082 and should cap a rally for a bit Traders can sell at 1082 and risk a close over 1101 for three days in a row.
August Cattle
Support is near 7427 to 7412 and the 7342 to 7327 region. Under that support should appear near 7257 to 7242. Traders can buy at 7342 for a turn higher, risk a close under 7242 for three days in a row. Below that support is at 7172 to 7142
Resistance is at 7487 to 7512 and the 7587 to 7602 region. Beyond that resistance is at 7672 to 7687... Above that sellers should appear near 7762 to 7767 and the 7832 to 7867 region and should cap a rally…Traders should sell at 7832 and risk a close over 7957 for three days in a row.
July Hogs
Support is at 6672 to 6657 . A slip under augurs for a test of 6592 to 6572. Under that support is at 6512 to 6487.. Below that Buyers should appear near 6432 to 6417
Under that 6357 to 6332 should hold.
Resistance is at 6742 to 6757 and 6807 to 6837 ..a close over 6837 is friendly and augurs for an eventual test of the 6907 to 6922 region.. Beyond that sellers should appear near the 6987 to 7002 region ..A close over 7002 is friendly and augurs for a test of 7072 to 7087 and eventually the 7142 to 7172 region..
Trade Accordingly and stay tuned for updates
August Hogs
Support is at 6487 below that Buyers should appear near 6432 to 6417 and the 6357 to 6332 region. …Traders can buy at 6437 for a turn higher , risk a close under 6417 for three days in a row.. Under that 6272 to 6257 should contain a decline for bit…Below that buyers should appear near 6192 to 6167 and 6112 to 6102. ..
Resistance is at 6577 to 6592, close over 6592 is friendly and augurs for a test of 6657 to 6672 and eventually the 6742 to 6757 region …Above that sellers should appear near the 6807 to 6837 region..
Support is at 8137 to 8117 then 8045 to 8027… Traders can buy at 8137 and hold for higher prices.. Below that buyers should appear near 7957 to 7932 and the 7867 to 7837 region.. Under that support at 7777 to 7762 and the 7692 to 7672 region should contain a decline for a bit.
Resistance is at 8192 to 8227, a close over 8227 augurs for a test of resistance near 8297 to 8317 , while a close over 8317 augurs for a test of 8392 to 8407 and the 8487 to 8502 region..Beyond that Sellers should appear near 8562 to 8587..Above that a test of 8662 to 8682 and the 8762 to 8777 is likely.
Stay tuned for Livestock Updates and Flashes
A ship in Harbor is Safe.. But that's not what ships are built for
Happy Trading !
Saturday June 2nd, 2001
10:45 AM
THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING ARE RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.
FuturesCom Investment Publications Positions and Performance: as of 6-01-2001
Value of All Programs Combined:
Feb 1997 $ 55,000.00 Beginning Tracking Value.
Feb 1998 $ 156,863.95
Feb 1999 $ 510,797.05
Feb 2000 $ 1,041,610.45
Feb 2001 $ 1,306,413.50
April 20,2001 $ 1,481,030.75
May 04,2001 $ 1,557,215.15
May 18,2001 $ 1,619,439.95
June 01,2001 $ 1,619,612.75
Aprox. total Initial Margin Req. 353,900.
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Premier Service Flashes
Archives: http://www.futurescom.com/premier.htm
Feb 1998 Inception Value $ 101,863.95
Feb 1999 $ 404,088.95
Feb 2000 $ 786,154.75
Feb 2001 $ 986,850.25
April 20,2001 $ 1,068,567.75
May 04, 2001 $ 1,129,611.50
May 18,2001 $ 1,172,555.25
June 01,2001 $ 1,201,792.75
Recommended Open Positions as of 6-01-2001
Long 10 July Soybeans 442 avg
Long 10 July Soymeal 164.9 avg
Long 10 Aug Gold 276.4
Long 5 July Silver 459
Long 7 June SP500 1264.7 avg
aprox initial margin req. 245,370.
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Index Program
Archives: http://www.futurescom.com/index01.htm
02-23-2000 Inception Value $ 150,455.70
03-09-2001 Value $ 190,850.70
04-20-2001 Value $ 254,750.70
05-04-2001 Value $ 263,775.70
05-18-2001 Value $ 272,225.70
06-01-2001 Value $ 259,275.70
Recommended Open position as of 06-01-2001:
Long 2 June SP500 1284.50 avg
Long 2 June mini Nasdaq 100 1966.50
aprox initial margin req. 56,625
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Bi Weekly Investment Outlook(BW)
Archives: http://www.futurescom.com/bwparc.htm
02-11-2001 Value $ 55,000.00 (tracking year starting value)
04-20-2001 $ 60,898.50
05-04-2001 $ 63,777.90
05-18-2001 $ 70,653.70
06-01-2001 $ 58,689.25
Recommended Open positions as of 5-25-2001:
Long July Wheat 266 3/4
Long July coffee 6435
Long 2 July Beans 449 3/4 avg
Long 2 June SP500 1287.6
Long July Silver 462
Long Aug Gold 275.8
Long July cotton 4120
Long July Hogs 6655
aprox Initial Margin Req. 51,910.
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Morning Comments ( MC) Day Trades
Archives : http://www.futurescom.com/mcper01.html
02-11-2000 Value $ 50,000.00 (tracking year starting value)
04-20-2001 $ 73,101.25
05-04-2001 $ 76,337.75
05-18-2991 $ 80,292.75
05-25-2001 $ 76,367.75
06-01-2001 $ 76,142.75
Recommended Open positions as of 6-01-2001: NONE
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Set Aside:
2000 BW & MC Gains $ 23,712.55
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Material Assumptions:
BW Starting Value was established at $55,000 for BW in Feb. 12 1997 and each year there after. Gains from the Bi-Weekly Investment Outlook(BW) during 1997 funded the Premier Service in 1998. Gains from the BW in 1998 funded the Morning Comments (MC) in 1999. MC tracking Begins and Ends in Feb. Gains from MC and BW in 1999 funded the Index Program for the year 2000. Gains from BW and MC for year 2000 were set aside..
Premier and Index programs tracking year Begins and ends during Late Feb to Early March. Each trade is derived from FuturesCom's Bi-Weekly Investment Outlooks, Morning Comments, Index Flashes , Premier Flashes and updates that pertain to the same. The slippage and fees are computed at $ 50.00 per round turn trade, and charged upon exit. Prices are derived from Entry and exits of related Futures Contracts. Updates of trade results are periodically made to http://www.futurescom.com
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS. SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS, WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKET IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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